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I would like to borrow
£60
To pay back over
3.5 years

Zuto is a credit broker, not a lender. Our rates start from 9.4% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £8,000 over 60 months with a representative APR of 19.9% the amount payable would be £204 a month, with a total cost of credit of £4,264 and a total amount payable of £12,264.

Zuto Limited. Registered in England under number 05722976. Registered office: Winterton House, Winterton Way, Macclesfield, Cheshire SK11 0LP. Zuto Limited is acting as a broker and not as a lender. Authorised and regulated by the Financial Conduct Authority, registration number 452589. Zuto can introduce you to a limited number of finance providers, based on your credit rating, Zuto won't charge you anything for this service, but do get a fee from the lender which varies based on the product or amount borrowed.

How much is left on my car finance?

Car finance agreements and car loans can last anything from one to seven years. We understand in making monthly payments over a lengthy period of time like this, it’s possible to lose track of just where you’re up to in terms of paying back the total cost of your car loan. You might be asking yourself ‘how much is left on my car finance?’ The simplest way to find out this information is to contact your lender, but there are other ways do to it.

Calculating the remaining amount yourself

If you want to calculate the amount left to pay on your car finance, you can work it out yourself by following these steps:

Read through your copy of the finance agreement, because all the information you need should be available. If you can’t find any of the figures you require, contact your lender for further information.

The first two items of information you require to calculate what is left on your car finance agreement are the amount you borrowed and the amount you pay back per month in your instalments, including interest.

Either by counting from the date of your first payment to the present, or reviewing your bank statements or online records, you need to count how many payments you have already made.

Add the interest you pay to your principal loan amount to find the actual amount of your loan. Multiply the total number of payments made so far by the amount you pay each month, and then subtract this figure from your loan including interest to discover what is left to pay on your car finance.

Online calculators available for your use

There are many calculators available online and they are free to use. They allow you to discover the outstanding balance of your loan. This can be a quick and straightforward way to work out what is still owed.

To utilise these calculators to find how much is left on your car finance, you will need to be know all relevant information regarding your agreement before you begin. For example, you will need to know the full amount of the loan when you took it out, how much your monthly payments are, the annual interest rate, and how many payments you have made to date. With this information, you can quickly calculate what remains to be paid on your car finance.

Settling your car finance

If you are seeking to know how much you have left to pay on your car finance because you would like to return the vehicle and end your agreement, remember you must have paid back at least 50% of your total loan. 

Should you decide to keep your car, you can pay off any outstanding amounts to end your deal – simply contact your lender for a settlement figure. The rules differ when it comes to settling car finance agreements early depending on the type of deal you have, and bear in mind you may be charged a fee for doing this. It’s wise to contact your lender to find out more about what’s involved before you make any decisions on this.

Further assistance in calculating your remaining car finance

If you have any concerns regarding your car finance and how much you still have left to pay, you can talk to our team of experts. Here at Car.co.uk, as specialists in the auto industry, it’s our aim to assist car buyers in all aspects of finance and to provide advice and support. Our specialists will be happy to answer any questions you may have and to provide further information to ensure you’re able to make an informed, confident decision.

Other related FAQs

Looking for more related content to this? We’ve picked a selection of related topics that you may find helpful

Your ‘settlement figure’ is the amount that the car finance company require to pay off your finance in full. Since this changes as interest is added and as payments are made, requested settlement figures are usually only valid for a short time.

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The number of years banks will finance a used car for depends on the particular agreement you enter into. Usually, agreements are available for terms of between 12 and 60 months.

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Yes, you can refinance your car loan. However, you should carefully assess the pros and cons of doing so before you make a decision.

Find out more

When you’re applying for finance for a used car, it’s useful to have the relevant supporting documents such as information on your vehicle of choice, your financial details and proof of address and income. You may also need a deposit.

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Car finance agreements don’t tend to include insurance as standard, but there are packages available that do.

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Under certain circumstances, you can claim the cost of a car as a capital allowance, meaning you can deduct some of the vehicle’s value from the profits of your business before paying tax. However, strict criteria apply.

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A guarantor car loan is an agreement in which a third party (usually a family member or friend) agrees to guarantee the repayment of your loan if you fail to keep up with your payments.

Find out more

Car finance companies don’t usually contact employers to assess eligibility. However, in some circumstances, they might.

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In most cases, car finance providers pay for or provide your vehicle after you pay a deposit. Then, over the course of an agreed repayment period, you’ll pay off some or all of the price. The product you choose will decide what happens at the end of the agreement – but common options include taking ownership of the car, handing it back, or upgrading it.

Find out more

Lying on a car loan application is a form of fraud and is illegal. If you’re found to have done this, you could face prosecution and you may find it harder to get credit in the future.

Find out more
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Car.co.uk is a trading name of New Reg Limited which is Authorised and regulated by the Financial Conduct Authority (FRN: 626225). New Reg Limited is a loan broker and not a lender. The information contained on this website is for editorial purposes only and not intended as financial advice. New Reg Limited has partnered with Autoguard Group for the purpose of offering car warranties in accordance with the terms and conditions documented on the warranty check-out page. Car.co.uk (New Reg Ltd.) is an Introducer Appointed Representative (IAR) of Seopa Ltd.
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